TLDR · BIG TECH & STARTUPS
ELON MUSK'S X TO OFFER INVESTMENT AND TRADING IN ‘SUPER APP' PUSH
Summary from the TLDR newsletter
X users will soon be able to make investments and trades on the social media platform. The company is also exploring the introduction of an X credit or debit card. Elon Musk aims to change X into an 'everything app' - a one-stop shop for messaging, payments, and shopping. X Money, a digital wallet and peer-to-peer payment service, is launching later this year. The push into financial services will open X up to regulatory challenges, such as compliance with licensing and money laundering regulations.